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Is Inflation Anxiety Hurting the Retail Real Estate Market?
Earlier this month, Bisnow reported that foot traffic was down at U.S. grocery-anchored retail centers in the U.S. during the third quarter due to inflation. Retail industry analytics provider Placer.ai recorded a 3.93% decrease in grocery store visits in Q3. That trend could be troubling for the retail real estate market as grocery stores are…
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The Commercial Real Estate Software Developers Should Avoid Relying On
The best commercial real estate software can offer developers numerous competitive advantages, including reducing costs, streamlining workflows, and ensuring better project outcomes. However, investing in the wrong solution can cause severe problems like overcomplicated tasks, reducing visibility, and making the journey to a successful closeout harder than it needs to be. Unfortunately, marketing hype and…
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4 Real Estate Development Tools Project Managers Can’t Live Without
In the past, real estate project managers had to depend on force-fit solutions like spreadsheets to monitor the status of their projects. However, thanks to recent technological innovations, teams no longer have to deal with limited project visibility, instinct-driven forecasting, and laborious critical reporting.
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What Does Commercial Real Estate Analytics Software Track?
Today’s commercial real estate analytics software provides users much greater functionality and overall project benefits than force-fit and legacy programs. Developers can use them to mitigate risks, significantly reduce cost overruns, and improve project outcomes. Modern platforms can offer those benefits because they track all project data in real time. The cloud-based programs also provide insights about…
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The State of Predictive Analytics in Commercial Real Estate
Predictive analytics has only played an active role in commercial real estate in the last decade, but its impact has been massive. Traditionally, developers have made key project decisions with retroactive insights and intuition. With no other options, firms have had to work around the problems inherent in depending on an outdated and inexact methodology.
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The #1 Thing the Best Commercial Real Estate Software Has in Common
Commercial real estate development software can have a powerful positive impact on a firm’s operations. By integrating a modern platform into their workflows, companies can expedite their cost reporting workflows, cut spending, and gain real-time project visibility. Modern software solutions enable development teams to become considerably more productive.
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How Real Estate Development Software Helps You Cut Costs
Succeeding in the real estate development market isn’t easy because it requires significant investments of time and money. Bringing a complex project to completion takes years of hard work involving managing hundreds of vendors and meeting the expectations of demanding stakeholders who expect a good return on their multimillion investments.
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How to Make Your Real Estate Development Firm Indispensable
Real estate development is a capital-intensive, high-risk business that’s extremely competitive, which makes launching a new company within the space daunting. Establishing a reputation with owners and investors isn’t easy.
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How Real Estate Development Software Helps Recession-Proof Projects
A combination of skyrocketing inflation and rising interest rates are pushing the United States toward recession, a development that will hurt the commercial real estate market. The Mortgage Bankers Association anticipates borrowing and lending in the sector will fall to $733 billion, down 18% from 2021. Until the threat of economic contraction passes, investors will be…